Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Property prices forecast to continue rising in 2015

Staff Reporter 4 minute read

The housing market will continue its strong momentum well into 2015, a leading real estate expert has forecast.

According to the analysis by SQM Research owner Louis Christopher, prices in Australia’s eight capital cities still have room to move over the coming 12 months.

Mr Christopher forecast an average price rise of five to nine per cent, assuming the official cash rate stayed at 2.5 per cent, the economy remained steady and the Australia dollar remained above US$0.85.

In this scenario, Sydney would continue to record outstanding growth of eight to 12 per cent.

Advertisement
Advertisement

Melbourne would grow at five to nine per cent and Brisbane at five to eight per cent.

There would also be price rises of four to seven per cent for Adelaide, three to six per cent for Hobart and one to four per cent for Perth.

However, the two territory markets could potentially go backwards.

Canberra’s price movement has been forecast to fall between a two per cent decrease and a three per cent increase, while Darwin would range from a three per cent drop to a one per cent rise.

Mr Christopher said there was no need to fear a pricing bubble while prices remained high.

PROMOTED CONTENT


“The market is somewhat overvalued, but not by as much as what some have very publicly stated. I don’t believe at this stage the market is in a bubble,” he said.

“Some cities are heading into overvalued territory, but the point overall is the market is far from a bubble situation when taking into account historical valuations over the past 30 years.”

[Related: Real estate ‘frenzy’ has finished, says SQM]

Property prices forecast to continue rising in 2015
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...